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Earnings Roundup: Blackstone, ExpressJet



By AP
10 March 2008 @ 09:42 am EST

Among the earnings stories for Monday, March 10, from AP Financial News:

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NEW YORK (AP) Blackstone Group has lost $170 million for the fourth quarter because of the declining value of its investment in a bond insurer and deterioration in the credit markets.

HOUSTON (AP) ExpressJet Holdings Inc. said Monday it swung to a fourth-quarter loss, showing the effects of higher fuel costs and the reduction of capacity under a contract flying agreement with Continental Airlines Inc.

DENVER (AP) Pipeline operator TransMontaigne Partners LP said Monday its fourth-quarter earnings leaped on gains from its expanded operations in the Gulf Coast and Texas.

NEW YORK (AP) Business development company Kohlberg Capital Corp. on Monday posted a profit in its first full year of operations as a public company.

BROOMFIELD, Colo. (AP) Ski resort operator Vail Resorts Inc. said Monday its fiscal second-quarter profit fell 3 percent, hurt by a decline in real estate revenue and a weak start to the early ski season.

NEW YORK (AP) Amusement park operator Six Flags Inc. said Monday its fourth-quarter loss narrowed as the year-ago period was hurt by a hefty loss from discontinued operations.

PITTSBURGH (AP) Business outsourcing company iGate Corp. said Monday its fourth-quarter profit fell 25 percent on higher stock compensation and other costs.

ST. LOUIS (AP) LMI Aerospace Inc. said Monday its fourth-quarter earnings soared 43 percent, boosted by a recent acquisition and surging sales of airplane parts.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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